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in these large firms. Some economists observe that higher profit rates in large oligopolies stem from the greater efficiency arising from O a: economies of scale Ob.higher costs Oc. higher prices O d. lower prices O e. brand loyalty In resource markets, a. households and utility are not related. b. households supply the resources that maximize utility. c. households demand the resources that maximize profit. d. households supply the resources that minimize utility. O e. households demand the resources that minimize profit. In product markets, firms a. demand the goods and services that minimize profit. b. supply the goods and services that minimize profit. O c. firms and profit are not related. d. demand the goods and services that maximize profit. O e. supply the goods and services that maximize profit.

in these large firms. Some economists observe that higher profit rates in large oligopolies stem from the greater efficiency arising from O a: economies of scale Ob.higher costs Oc. higher prices O d. lower prices O e. brand loyalty In resource markets, a. households and utility are not related. b. households supply the resources that maximize utility. c. households demand the resources that maximize profit. d. households supply the resources that minimize utility. O e. households demand the resources that minimize profit. In product markets, firms a. demand the goods and services that minimize profit. b. supply the goods and services that minimize profit. O c. firms and profit are not related. d. demand the goods and services that maximize profit. O e. supply the goods and services that maximize profit.

Principles of Microeconomics
Principles of Microeconomics
7th Edition
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter17: Oligopoly
Section: Chapter Questions
Problem 4CQQ
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in these large firms. Some economists observe that higher profit rates in large oligopolies stem from the greater efficiency arising from Oa: economies of scale O b. higher costs Oc. higher prices O d.lower prices O e. brand loyalty In resource markets, a. households and utility are not related. b. households supply the resources that maximize utility. O c. households demand the resources that maximize profit. d. households supply the resources that minimize utility. e. households demand the resources that minimize profit. In product markets, firms O a. demand the goods and services that minimize profit. b. supply the goods and services that minimize profit. c. firms and profit are not related. Qd. demand the goods and services that maximize profit. O e. supply the goods and services that maximize profit.
Transcribed Image Text:in these large firms. Some economists observe that higher profit rates in large oligopolies stem from the greater efficiency arising from Oa: economies of scale O b. higher costs Oc. higher prices O d.lower prices O e. brand loyalty In resource markets, a. households and utility are not related. b. households supply the resources that maximize utility. O c. households demand the resources that maximize profit. d. households supply the resources that minimize utility. e. households demand the resources that minimize profit. In product markets, firms O a. demand the goods and services that minimize profit. b. supply the goods and services that minimize profit. c. firms and profit are not related. Qd. demand the goods and services that maximize profit. O e. supply the goods and services that maximize profit.
Some economists observe that higher profit rates in large oligopolies stem from the greater efficiency arising from O a economies of scale O b. higher costs O c. higher prices O d. lower prices O e. brand loyalty in these large firms.
Transcribed Image Text:Some economists observe that higher profit rates in large oligopolies stem from the greater efficiency arising from O a economies of scale O b. higher costs O c. higher prices O d. lower prices O e. brand loyalty in these large firms.
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